Court of Appeals for the First Circuit
Filed: Mar. 24, 1961
Citations: 288 F.2d 67
, 4, Put most baldly, appellant's claim that the SEC lacked power to approve the plan is that section 11(b) (1) does not expressly authorize, and section 11(b) (2) expressly prevents, a plan which affects as this one does a subsidiary, like Blackstone, which is strictly an operating company.
